IPic Theaters is America's premier luxury restaurant-and-theater brand. All decisions moving forward will be strategic milestones to forward IPIC on this path, while continuing to deliver upon our brand promise." IPIC will continue to be a pioneering brand, leading the frontier of luxury moviegoing entertainment and unparalleled destination dining. This milestone is just the beginning of what we plan to achieve together moving forward.
We will continue to hit the goals that we set for ourselves at the beginning of this process – including a more sustainable debt structure and a stronger balance sheet. "Our ability to successfully work through a bankruptcy less than four months after our Chapter 11 filings, while maintaining and continuing to deliver upon our signature IPIC guest experience, is a testament to the hard work of our talented employees, executive management team, key partners and the strength of our relationship with our IPIC ACCESS members and guests.
IPic Theaters, LLC issues the following statement: Moving forward iPic Theaters will have a solid financial foundation with an ability to focus on creating strong operational segments and opportunities for strategic growth to create value for its members. The financial position of the new Company has been enhanced through the elimination of debt from the balance sheet and working capital provided by its investors. 18, 2019 /PRNewswire/ - iPic Theaters, LLC has acquired substantially all of the operating assets of the affiliated debtors in the jointly administered bankruptcy cases styled iPic-Gold Class Entertainment, LLC in the United States Bankruptcy Court for the District of Delaware.
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